‘I just love the property. I’m very,very happy to be in this neighbourhood,’ said the new owner,who bid in front of a 100-strong crowd.
The vendor owned three houses in the Charming Street neighbourhood,and sold number 22 for a loss after listing it with a published $1 reserve price.
When Essendon director Andrew Muir sold his Toorak house for $28m+ he bought a Flinders spread and a Carlton terrace. Now he’s offloaded the pied-à-terre.
“It’s a very,very special home,” the agent said. “People who weren’t actually considering buying in the inner west,were actually considering this house.”
The three-bedroom family home attracted 12 parties at auction,where the agent joked the burger joint down the road was worth an extra bid.
The four-bedroom house had a quoted price range of $2.4 million to $2.5 million,and passed in at $2.6 million.
Both the buyer and the underbidder expected the two-bedroom house in a sought-after location to sell for even more.
The vendors of 4 Elledale Street were “extremely surprised” by the sale price,listing agent Helen Yan said. It was one of 1516 auctions on Saturday.
Five bidders competed for the two-bedroom apartment on Melbourne’s biggest auction weekend of the year so far.
The new owners could create a contemporary home that retains the history of stables that have been on the site for 100 years.
The successful buyer couldn’t contain his joy. David Rizkalla dropped the cool,disinterested auction persona the moment the hammer fell and he bought the house.